5 largest e-commerce companies in the world

Ecommerce is not a new phenomenon. It’s been there for more than a decade now and is now one of the biggest ways people research and shop for a product. Covid just worked as a catalyst. While sitting at home, getting bored, people just shopped online. A report said that the eCommerce industry jumped 55% higher during the pandemic from what it was earlier. And this resulted in boosting existing large eCommerce companies to become giants. Here are the 5 largest e-commerce companies in the world.

Amazon – The Giant

5 largest e-commerce companies in the world

Amazon has its wingspan in 5 continents and 20 countries and has become a household name when it comes to online shopping. They also have more than 150 fulfillment centers around the globe. Jeff Bezos founded Amazon in 1994 and now has the largest revenue in the world. It has 1,60,8000 employees generating $469.82 billion in revenue with a market capitalization of $1,691 Billion.

JingDong – The Chinese e-commerce giant

We all know 2 big eCommerce companies. First is Amazon and next is Alibaba. But no, Alibaba is not the biggest Chinese e-commerce. It’s Jd.com or JingDong. Jing dong has a quarter of billion registered users. It also has 3,85,357 employees and this is way higher than that of Alibaba. They also have a market capitalization of $106 billion and have generated revenue of over $150 billion. It was founded 4 years after Amazon.

Alibaba – The Chinese global marketplace

After getting rejected from 30 jobs, Jack Ma started his business as a website developer and then founded Alibaba, one of the biggest eCommerce that reaches the globe. Alibaba operates in more than 200 countries with a $109.48 billion revenue. The company has a market capitalization of $331 Billion and has more than 2,50,000 employees.

Meituan – A coupon eCommerce company

Meituan, again a Chinese company, mostly deals in dining, entertainment, delivery, and travel. It was founded in 2010 and by 2016 it became one of the leading e-commerce providing group discounts, vouchers, and reviews. It has a market capitalization of $177 Billion and generates revenue of over $27.77 Billion. They have over 1,00,000 employees and are expanding really fast.

Suning – China’s most prominent retailers are also online

Starting as a retailer in 1990, Suning moved online with its 9000+ stores and now offers everything. They have a huge delivery network for their eCommerce business. In 2020, it made space in fortune 500 companies when other businesses in China were struggling due to the pandemic. They generate $ 21.09 Billion of revenue with 69000+ employees and have a market capitalization of $13.47 billion.

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